Form 6-K
false2021-09-302021Q3QUHUO Ltd0001781193--12-31001-39354 0001781193 2020-12-31 0001781193 2021-09-30 0001781193 2021-01-01 2021-09-30 0001781193 2020-01-01 2020-09-30 0001781193 2021-05-01 2021-05-31 0001781193 2020-09-30 0001781193 2019-12-31 0001781193 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-12-31 0001781193 us-gaap:CommonClassBMember 2020-12-31 0001781193 us-gaap:CommonClassAMember 2020-12-31 0001781193 qh:UndesignatedCommonSharesMember 2020-12-31 0001781193 qh:NingboNuannuanMember 2020-12-31 0001781193 qh:AgriculturalBankOfChinaAtTheRateOfFourPointEightFivePercentMember 2020-12-31 0001781193 qh:EastWestBankAtTheRateOfFourPointSevenFivePercentFivePointFiftyPercentMember 2020-12-31 0001781193 qh:SpdSiliconValleyBankAtTheRateOfFourPointEightFiveToSixPercentMember 2020-12-31 0001781193 qh:BeijingQuhuoInformationTechnologyCoLtdwfoeMember 2020-12-31 0001781193 srt:MaximumMember 2020-12-31 0001781193 srt:MinimumMember 2020-12-31 0001781193 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2021-09-30 0001781193 us-gaap:CommonClassBMember 2021-09-30 0001781193 us-gaap:CommonClassAMember 2021-09-30 0001781193 qh:UndesignatedCommonSharesMember 2021-09-30 0001781193 qh:AgriculturalBankOfChinaAtTheRateOfFourPointEightFivePercentMember 2021-09-30 0001781193 qh:EastWestBankAtTheRateOfFourPointSevenFivePercentFivePointFiftyPercentMember srt:MaximumMember 2021-09-30 0001781193 qh:EastWestBankAtTheRateOfFourPointSevenFivePercentFivePointFiftyPercentMember srt:MinimumMember 2021-09-30 0001781193 qh:SpdSiliconValleyBankAtTheRateOfFourPointEightFiveToSixPercentMember srt:MinimumMember 2021-09-30 0001781193 qh:SpdSiliconValleyBankAtTheRateOfFourPointEightFiveToSixPercentMember srt:MaximumMember 2021-09-30 0001781193 qh:EastWestBankAtTheRateOfFourPointSevenFivePercentFivePointFiftyPercentMember 2021-09-30 0001781193 qh:SpdSiliconValleyBankAtTheRateOfFourPointEightFiveToSixPercentMember 2021-09-30 0001781193 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2021-09-30 0001781193 srt:MaximumMember 2021-09-30 0001781193 srt:MinimumMember 2021-09-30 0001781193 us-gaap:FairValueInputsLevel3Member 2021-09-30 0001781193 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:AssetPledgedAsCollateralMember us-gaap:NonrecourseMember 2021-09-30 0001781193 qh:HainanHuiliuMember 2021-09-30 0001781193 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-09-30 0001781193 us-gaap:MemberUnitsMember 2020-01-01 2020-09-30 0001781193 us-gaap:RetainedEarningsMember 2020-01-01 2020-09-30 0001781193 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-09-30 0001781193 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-09-30 0001781193 us-gaap:CommonStockMember 2020-01-01 2020-09-30 0001781193 qh:LaborRecruitmentServicesMember qh:HainanHuiliuMember 2020-01-01 2020-09-30 0001781193 qh:HousekeepingAndOtherSolutionsMember 2020-01-01 2020-09-30 0001781193 qh:MobilityservicesolutionsmemberMember 2020-01-01 2020-09-30 0001781193 us-gaap:ProductAndServiceOtherMember 2020-01-01 2020-09-30 0001781193 qh:OnDemandDeliverySolutionServicesMember 2020-01-01 2020-09-30 0001781193 us-gaap:GeneralAndAdministrativeExpenseMember 2020-01-01 2020-09-30 0001781193 us-gaap:FairValueMeasurementsNonrecurringMember 2020-01-01 2020-09-30 0001781193 qh:CommercialBanksDepositsMember 2020-01-01 2020-09-30 0001781193 us-gaap:OtherIncomeMember 2020-01-01 2020-09-30 0001781193 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-01-01 2020-09-30 0001781193 us-gaap:RetainedEarningsMember 2021-01-01 2021-09-30 0001781193 us-gaap:MemberUnitsMember 2021-01-01 2021-09-30 0001781193 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-09-30 0001781193 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-09-30 0001781193 qh:NingboNuannuanMember 2021-01-01 2021-09-30 0001781193 qh:HainanHuiliuMember 2021-01-01 2021-09-30 0001781193 qh:LaborRecruitmentServicesMember qh:HainanHuiliuMember 2021-01-01 2021-09-30 0001781193 qh:MobilityservicesolutionsmemberMember 2021-01-01 2021-09-30 0001781193 us-gaap:ProductAndServiceOtherMember 2021-01-01 2021-09-30 0001781193 qh:OnDemandDeliverySolutionServicesMember 2021-01-01 2021-09-30 0001781193 qh:HousekeepingAndOtherSolutionsMember 2021-01-01 2021-09-30 0001781193 us-gaap:GeneralAndAdministrativeExpenseMember 2021-01-01 2021-09-30 0001781193 qh:AgriculturalBankOfChinaAtTheRateOfFourPointEightFivePercentMember 2021-01-01 2021-09-30 0001781193 qh:SpdSiliconValleyBankAtTheRateOfFourPointEightFiveToSixPercentMember 2021-01-01 2021-09-30 0001781193 qh:EastWestBankAtTheRateOfFourPointSevenFivePercentFivePointFiftyPercentMember 2021-01-01 2021-09-30 0001781193 us-gaap:FairValueMeasurementsNonrecurringMember 2021-01-01 2021-09-30 0001781193 us-gaap:InlandRevenueHongKongMember 2021-01-01 2021-09-30 0001781193 us-gaap:CommonStockMember 2021-01-01 2021-09-30 0001781193 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-09-30 0001781193 qh:HainanQuhuoAndHaikouChengtuMember 2021-01-01 2021-09-30 0001781193 qh:BeijingQuhuoMember 2021-01-01 2021-09-30 0001781193 qh:CommercialBanksDepositsMember 2021-01-01 2021-09-30 0001781193 us-gaap:OtherIncomeMember 2021-01-01 2021-09-30 0001781193 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2021-01-01 2021-09-30 0001781193 qh:FirstOneMillionYuanMember 2021-01-01 2021-09-30 0001781193 qh:OneMillionToThreeMillionYuanMember 2021-01-01 2021-09-30 0001781193 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-09-30 0001781193 us-gaap:FairValueInputsLevel3Member 2020-09-30 0001781193 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-09-30 0001781193 qh:SpdSiliconValleyBankMember 2021-01-01 2021-01-31 0001781193 qh:SpdSiliconValleyBankMember 2020-11-01 2020-11-01 0001781193 qh:SpdSiliconValleyBankMember 2020-11-01 0001781193 qh:EastWestBankMember 2020-07-31 0001781193 qh:EastWestBankMember 2020-07-01 2020-07-31 0001781193 qh:EastWestBankMember 2020-08-01 2020-08-31 0001781193 qh:EastWestBankMember 2021-05-01 2021-05-31 0001781193 qh:TwoThousandAndNineteenPlanMember srt:ExecutiveOfficerMember 2021-05-01 2021-05-31 0001781193 qh:TwoThousandAndSeventeenPlanMember qh:ThreeExecutivesMember 2021-04-01 2021-04-30 0001781193 qh:TwoThousandAndSeventeenPlanMember qh:ThreeExecutivesMember qh:FortyPercentVestingOnTheGrantDateMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2021-04-01 2021-04-30 0001781193 qh:TwoThousandAndSeventeenPlanMember qh:ThreeExecutivesMember qh:ThirtyPercentVestingOnTheFirstAndSecondAnniversaryOfTheVestingCommencementDatememberMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2021-04-01 2021-04-30 0001781193 qh:SpdSiliconValleyBankMember 2021-04-01 2021-04-30 0001781193 qh:BeijingQuhuoMember 2020-01-01 2020-12-31 0001781193 us-gaap:MemberUnitsMember 2019-12-31 0001781193 us-gaap:RetainedEarningsMember 2019-12-31 0001781193 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001781193 us-gaap:CommonStockMember 2019-12-31 0001781193 us-gaap:NoncontrollingInterestMember 2019-12-31 0001781193 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001781193 us-gaap:NoncontrollingInterestMember 2020-09-30 0001781193 us-gaap:MemberUnitsMember 2020-09-30 0001781193 us-gaap:RetainedEarningsMember 2020-09-30 0001781193 us-gaap:AdditionalPaidInCapitalMember 2020-09-30 0001781193 us-gaap:CommonStockMember 2020-09-30 0001781193 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-09-30 0001781193 us-gaap:NoncontrollingInterestMember 2020-12-31 0001781193 us-gaap:MemberUnitsMember 2020-12-31 0001781193 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001781193 us-gaap:RetainedEarningsMember 2020-12-31 0001781193 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001781193 us-gaap:CommonStockMember 2020-12-31 0001781193 us-gaap:CommonStockMember 2021-09-30 0001781193 us-gaap:AdditionalPaidInCapitalMember 2021-09-30 0001781193 us-gaap:RetainedEarningsMember 2021-09-30 0001781193 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-09-30 0001781193 us-gaap:MemberUnitsMember 2021-09-30 0001781193 us-gaap:NoncontrollingInterestMember 2021-09-30 iso4217:CNY iso4217:USD xbrli:shares xbrli:pure utr:Year iso4217:USD xbrli:shares iso4217:CNY xbrli:shares
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
Form
6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month
of
December 2021
Commission File Number
001- 39354
 
 
Quhuo Limited
(Exact name of registrant as specified in its charter)
 
 
3rd Floor, Block D, Tonghui Building
No. 1132 Huihe South Street, Chaoyang District
Beijing, People’s Republic of China
(+86-10)
5338 4963
(Address of principal executive office)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F  
☒ Form
40-F  
☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1):  ☐
Note
: Regulation
S-T
Rule 101(b)(1) only permits the submission in paper of a Form
6-K
if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7):  ☐
Note:
Regulation
S-T
Rule 101(b)(7) only permits the submission in paper of a Form
6-K
if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form
6-K
submission or other Commission filing on EDGAR.
 
 
 
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
        Quhuo Limited
       
Date:December
21
, 2021		       By:  
/s/ Leslie Yu
            Name: Leslie Yu
            Title: Chairman and Chief Executive Officer
EXHIBIT INDEX
 
Exhibit

Number
   
Description
   
99.1    Unaudited Condensed Consolidated Interim Financial Statements
   
99.2    Management’s Discussion and Analysis of Financial Condition and Results of Operations
   
101.INS    Inline XBRL Instance Document-this instance document does not appear in the Interactive Data file because its XBRL tags are embedded within the Inline XBRL document
   
101.SCH    Inline XBRL Taxonomy Extension Schema Document
   
101.CAL    Inline XBRL Taxonomy Extension Calculation Linkbase Document
   
101.DEF    Inline XBRL Taxonomy Extension Definition Linkbase Document
   
101.LAB    Inline XBRL Taxonomy Extension Label Linkbase Document
   
101.PRE    Inline XBRL Taxonomy Extension Presentation Linkbase Document
   
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)